Pete Najarian Thinks That GS, JPM And FCX Could Show Us When To Get Out Of The Market
CNBC’s Fast Money Pete Najarian believes that Goldman Sachs (NYSE: GS) and JPMorgan (NYSE: JPM) in the financials and Freeport-McMoRan (NYSE: FCX) in raw materials should be followed in order to know when to get out of this market . Pete Najarian thinks that implied volatility in these stocks is currently very low which suggests that investors have gained a lot of confidence in buying these stocks. In his opinion, only when these stocks start to breakdown the market will follow on downturn spiral.
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